The cryptocurrency industry continues to evolve rapidly. In this recap, we've compiled the main news in DeFi and the crypto industry from the past week.
Circle and Binance Partnership to Promote USDC
Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week to expand the adoption of USDC. Binance will integrate USDC across its trading, savings, and payment services. Through this partnership, USDC will be positioned as a core stablecoin for Binance's corporate operations.
Floki and Mastercard Launch Crypto Card in Europe
Floki, in partnership with Mastercard, has introduced a crypto debit card available in 31 European countries. The card is offered in both physical and virtual formats, allowing users to conveniently use cryptocurrencies for payments. The virtual card is accessible globally.
Ripple's RLUSD Stablecoin Approved by NYDFS
Ripple Labs has received approval from the New York Department of Financial Services (NYDFS) to launch RLUSD, a US dollar-backed stablecoin. The company plans to list the coin on several exchanges and establish partnerships to compete with major market players.
This week in DeFi saw several significant events that could affect the future of the crypto industry. Key partnerships and product launches are worth keeping an eye on.
